Marc Faber, author and publisher of the Gloom Boom and Doom Report, currently does not expect a banking crisis within a one period. But that shouldn't be seen as the markets being free from problems in the future as he states that the next 5 to 10 years we will have another financial crisis. On equity markets, faber believes there will be higher markets, especially in markets where the dividend yield is relatively higher. At the same time, Marc Faber expects the Federal Reserve to keep interest rates to be low.
An interesting comment Marc Faber makes is when he compares how the U.S. government is paying it's debts by essentially running a Ponzi scheme. Basically, at current levels, the U.S. government could barely pay the interest on bonds it had previously issued. It is currently paying the interest by continuing to issue new bonds. But, at one point the interest payments will be so high that newly issued bonds will be worthless.
An interesting comment Marc Faber makes is when he compares how the U.S. government is paying it's debts by essentially running a Ponzi scheme. Basically, at current levels, the U.S. government could barely pay the interest on bonds it had previously issued. It is currently paying the interest by continuing to issue new bonds. But, at one point the interest payments will be so high that newly issued bonds will be worthless.
